Italy is facing political deadlock after lawmakers failed to reach an agreement on who should become the country's next president.
. But the ballot, which lasted five hours, did not achieve the two-thirds majority needed to confirm a new leader, according to Reuters.
"Given the existing political deadlock, things may get serious only after the third round of voting," Wolfango Piccoli, co-president of the consultancy firm Teneo, said in a note Monday. And even if Draghi remains in his current role, some political experts have warned that the political parties in Rome will soon start to focus on parliamentary elections due in 2023, and not back Draghi — and his push for reforms — like they have done over the past 11 months.
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